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Outline the circumstances under which the following characteristics of human wants may be observed: (a)complimentary wants (b)wants become habitual

      

Outline the circumstances under which the following characteristics of human wants may be observed: (a)complimentary wants (b)wants become habitual

  

Answers


steve
a) A complimentary want is a state where usage of a given good to satisfy human want gives rise the another good that is needed too for the want to be fully satisfied…the goods go in pairs for them to satisfy a given want. Example is a car cannot be useful to man when it has no fuel.


b) A habitual want is a state when a given consumer uses a specific good to satisfy a specific want for a long time, this want becomes part of him and he has to go for the specific good…i.e. habit. Example is smoking of cigarette

lucardo answered the question on August 30, 2018 at 07:55


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